Real Estate/ Continuing Education/ Pennsylvania/ Advocating for Short Sale Clients

CE: Advocating for Short Sale Clients

$39

This product includes:

LICENSE RENEWAL PERIOD: 2 YEARS Elective Hours: 3 Mandatory Hours: 0 Total Hours: 3

Description

State Requirements

Tactics that work with motivated, excited sellers don't always translate well when working with short sale sellers and short sale buyers. Add lender approvals, junior lien holders, and inflexible timelines into the mix, and you end up with a whole new ball game.

In a short sale transaction, the motivation for each party is different than the standard transaction, and as the professional in the scene, you need to adjust accordingly. This course speaks to your interaction with short sale sellers, and how you can help them through a tough process while diligently advocating on their behalf. We cover how to figure out an appropriate listing price, negotiate with the lender's representative, sort through debt settlement terminology, and carry the deal through to closing. We also look at the process from a buyer's agent perspective. Additional cautions, considerations, and fraud prevention tactics are required when advocating on behalf of these deal-seeking buyers.

Package Content:

State Requirements For Pennsylvania

Pennsylvania State Requirement Details for Real Estate Continuing Education

Renewal Date: 5/31 every even-numbered year

Hours Required: 14 hours

2 hours – Fair Housing
3 hours – Agency Relationships
9 hours – elective hours

At the July 10, 2024 board meeting, the Pennsylvania Real Estate Commission voted to approve the mandatory topics for the 2024-2026 renewal cycle. Of the required 14 hours, a minimum of 2 hours in Fair Housing and 3 hours in Agency Relationships must be completed.

Pennsylvania requires that a licensee who wishes to perform Broker Price Opinions (BPO), must complete a continuing education course on the topic. The CE Shop does not currently offer this course.

The CE Shop’s Offering: 14 hours

2 hours – Fair Housing
3 hours – Agency Relationships
9 hours – elective hours

Reporting: The state does not require schools to report course completions.

Expiration Date of Course: Course expiration dates vary by course. Each individual course will have an expiration date listed in your account. See Terms & Conditions for more details.

Final Exam: Final exams must be passed with a minimum of 70% and may be taken as many times as necessary in order to pass.

Certificates: Immediately upon course completions, The CE Shop will provide students with an electronic copy of the course certificate of completion. Certificates will remain in your account for a minimum of five years, should you need additional copies at a later time. Please refer to your application to determine if you need to submit your certificate(s) of completion. Course completion dates are recorded using Central Standard Time. Please note that the date on your certificate of completion will reflect this.

License Renewal Process: The process to renew in this state is to log in to the licensing system online and follow the prompts to renew.

Post-Licensing: Sales licensees are required to take 14 hours of mandatory commission developed modules for the first renewal. Sales licensees must complete the 7-hour general module and either the 7-hour residential module OR the 7-hour commercial module.

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